Seeking Alpha

Investorideas.com's  Instablog

Investorideas.com
Send Message
www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas, news and research for biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on... More
My company:
Investor Ideas
My blog:
Investor Ideas Newswire
  • NASDAQ Top Percentage Gainers; (MNOV), (ACFC), (RGLS), (GBLI) 0 comments
    Feb 26, 2013 12:27 PM | about stocks: MNOV, ACFC, RGLS, GBLI

    New York, New York - February 26th, 2013 - (www.investorideas.com newswire, ) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for February 26th, 2013.

    MediciNova Inc., (NASDAQ:MNOV) trading at $3.53 gained $1.39 or 64.95% on a volume of 2,230,540 shares, making it today's top percentage gainer on the NASDAQ.

    MediciNova, Inc., a biopharmaceutical company announced yesterday that it has received Fast Track designation from the U.S. Food FDA for MN-166 (ibudilast) for the treatment of methamphetamine dependence. Fast Track is a process designed to facilitate the development and expedite the review of drugs that are intended to treat serious diseases and have the potential to fill an unmet medical need. An important feature of the FDA's Fast Track program is that it emphasizes early and frequent communication between the FDA and the sponsor throughout the entire drug development and review process to improve the efficiency of product development as well as potentially shorten the timeline to drug approval.

    There are currently over 439,000 methamphetamine abusers in the U.S. which have in the past caused an estimated economic burden of over $23.4 billion. There are no medications currently approved by the FDA for the treatment of methamphetamine dependence.

    Atlantic Coast Financial Corporation (NASDAQ:ACFC) trading at $3.96 rose by $0.42 or 11.86% on a volume of 212,946 shares.

    Atlantic Coast Financial Corporation earlier today announced a strategic transaction that will achieve immediate enhanced value for all stockholders with respect to the present value of their investment, as well as a financially strong banking platform, and a competitive community banking organization that is well positioned to meet the needs of its customers and communities for the long term.

    The Company has entered into a definitive merger agreement with Bond Street Holdings, Inc. wherein the Company will merge into Bond Street, a community-oriented bank holding company with $3.2 billion in total assets that operates 41 community banking branches along both Florida coasts and in the Orlando area. Upon completion of that transaction, Atlantic Coast Bank will merge into Florida Community Bank, N.A., Bond Street's banking subsidiary.

    The Company's stockholders will then receive $5.00 per share in cash for each common share owned which represents a premium of approximately 49% to the Company's average stock price of $3.36 over the 10-day period ended February 25, 2013.

    The transaction is expected to be completed by the end of the second quarter of 2013, subject regulatory approvals and the approval of Company stockholders

    Regulus Therapeutics Inc., (NASDAQ:RGLS) trading at $5.19 moved up $0.37 or 7.70% on a volume of 6,781 shares.

    Global Indemnity plc (NASDAQ:GBLI) trading at $23.38 gained $2.37 or 11.28% on a volume of 6,798 shares.

    About NASDAQ

    http://www.nasdaq.com/

    About InvestorIdeas.com:

    InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more .

    Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas

    Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas

    Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com

    Sign up for the free investor news and stock alerts at Investorideas.com

    http://www.investorideas.com/Resources/Newsletter.asp

    Become an Investorideas.com Member and access our 13 online stock directories 24/7 - water, renewable energy, mining stocks and more…

    http://www.investorideas.com/membership/

    Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.

    BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

    800-665-0411 - Source - www.Investorideas.com

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MNOV, ACFC, RGLS, GBLI
Back To Investorideas.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.